secwatch.observer — SEC 8-K summary
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Issuer:     SES AI Corp (SES)
CIK:        0001819142
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001819142-25-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SES AI reports Q4 revenue $2.0M, first-ever; guides 2025 rev $15M-$25M
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- Q4 revenue $2.0M, 63% gross margin; full-year net loss $100.2M, EPS -$0.31.
- Signed up to $10M in contracts with two OEMs for AI-enhanced Li-Metal and Li-ion EV batteries.
- Unveiled AI-enhanced 2170 cylindrical cell for humanoid robotics; MOU with AISPEX for up to 100 MWh BESS (~$45M).
- FY2024 cash usage $78.3M (below $80-95M guidance); liquidity $262.5M extends into H2 2028.
- 2025 revenue guidance $15-25M; cash usage guidance $70-80M; capex-light model.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819142/000181914225000012/0001819142-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819142/000181914225000012/ses-20250225x8k.htm
  HTML page:      https://secwatch.observer/filing/0001819142-25-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer